Episode

Markets: Institutions Deeply In Need of Criticism

Podcast

Economic Update with Richard D. Wolff

Published

Jul 13, 2026

Duration seconds

1917

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Summary

This week on Economic Update, Professor Wolff presents an analysis of how markets work, which parts of society they favor and serve, and which they discriminate against. He also unpacks why markets are NOT the same as capitalism, and where markets are NOT allowed to exist in the world today, including in the U.S. He wraps up today's show with an analysis of why market idolatry now functions as a kind of secular religion, especially in the U.S. but also globally.